Amundi Sells 2,300 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Amundi lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 48.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,425 shares of the exchange traded fund’s stock after selling 2,300 shares during the quarter. Amundi’s holdings in SPDR Gold Shares were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC grew its holdings in SPDR Gold Shares by 17.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,505 shares of the exchange traded fund’s stock valued at $364,000 after buying an additional 226 shares in the last quarter. Lifeworks Advisors LLC grew its holdings in SPDR Gold Shares by 301.9% during the 4th quarter. Lifeworks Advisors LLC now owns 7,599 shares of the exchange traded fund’s stock valued at $1,840,000 after buying an additional 5,708 shares in the last quarter. Larson Financial Group LLC grew its holdings in SPDR Gold Shares by 45.1% during the 4th quarter. Larson Financial Group LLC now owns 33,994 shares of the exchange traded fund’s stock valued at $8,231,000 after buying an additional 10,569 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in SPDR Gold Shares by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 622,752 shares of the exchange traded fund’s stock valued at $150,787,000 after buying an additional 15,676 shares in the last quarter. Finally, Banco Santander S.A. grew its holdings in SPDR Gold Shares by 21.8% during the 4th quarter. Banco Santander S.A. now owns 195,837 shares of the exchange traded fund’s stock valued at $47,418,000 after buying an additional 35,116 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $280.75 on Friday. The stock has a market capitalization of $84.39 billion, a PE ratio of -29.30 and a beta of 0.20. The business has a 50 day simple moving average of $263.87 and a two-hundred day simple moving average of $250.73. SPDR Gold Shares has a 1-year low of $199.72 and a 1-year high of $281.48.

SPDR Gold Shares Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).